tds deduct on basic or total amount of bill
Amar N Gambhire Patil (Student) (57 Points)
14 May 2019tds deduct on basic or total amount of bill
Neelima Muni
(owner)
(299 Points)
Replied 14 May 2019
If taxes are charges separately, then on basic amount; otherwise over total amount.
Amar N Gambhire Patil
(Student)
(57 Points)
Replied 14 May 2019
Amar N Gambhire Patil
(Student)
(57 Points)
Replied 14 May 2019
Neelima Muni
(owner)
(299 Points)
Replied 14 May 2019
CBDT has clarified through Circular No. 23/2017 that if GST on services has been indicated separately in the invoice, then no tax would be deducted on GST component.
RAJA P M
("Do the Right Thing...!!!")
(128083 Points)
Replied 14 May 2019
PRAKASH RATHORE
(Student Cum Accountant )
(227 Points)
Replied 14 May 2019
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
